NetSuite Suite Foundations Exam Prep with Verified Solutions

NetSuite Suite Foundations Exam Prep with Verified Solutions SuiteBuilder is a point and click tool for customization True Use a _________ ________ to control how information is entered and viewed Custom Forms A custom record may be a better option than adding too many custom fields to an existing record True? Preparation for the Data Import is crucial to a successful import True? How can I create a CSV template to use for an import template? Export a List view All records may be imported via the import assistant False What sort of criteria can you set by going to Setup Company Duplicate Detection? Fields to match on, uses a saved search functionality. Which include email, name, etc. Not all fields are allowed. Custom fields are allowed on Customer, also address, first name, last name, phone Whether a company or an individual, NetSuite should look at the email address in the exact same way False. Duplicate detection uses the domain name for company evaluation and uses the full email address for contact, individuals. How would you simultaneously edit/change multiple records at once? Mass Update Which features allow editing records directly from a list? Inline Editing Account Numbers are Mandatory in the Chart of Accounts False Turn on this feature at SetupAccountingAccounting PreferencesGeneral You cannot setup past and future accounting periods False You cannot do Cash Basis reporting False. SetupAccountingAccountingPreferencesGeneral Ledger or on each report edit and go to More Options Subsidiary Create for each legal entity Opening Balance Balance for each general ledger account Classifications Facilitates financial segmenting using departments, classes, and locations Accounting Periods Ability to have transactions posted to a period, rather than just a date Tax agencies are whom we pay collected taxes True (as vendors) Tax control accounts can be set up manually True, but only through the Tax Control Account Setup A tax nexus defines the tax jurisdiction, where business is transacted True A subsidiary can only have one tax nexus False. Nexus Sublist is available to add multiple Tax schedules are a functionality of Advanced Taxes and determine the tax treatment of items purchased and sold True Inventory items can also include serialized and lot numbered inventory if those features have been enabled True Non-inventory items are only available for purchase False For Purchase, For Resale, For Sale Service items cannot be fulfilled False Name the three NetSuite classifications available for reporting and the GL Location, Class, Department True or False: Combine the use of classifications with the general ledger account to simplify your chart of accounts True Account numbers are mandatory in NetSuite's Chart of Accounts False Which feature allows transacting business with vendors and customers in different currencies Multiple Currencies